Novo Resources Corp T.NVO

Alternate Symbol(s): NSRPF

Metals & Mining Gold

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 5,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed a lithium joint venture with SQM Australia Pty Ltd (SQM) in the Pilbara, which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.

TSX:NVO - Post by User

Novo Resources Corp > New Kereport

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Comment by mortgages101on Jun 01, 2023 8:58am

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Post# 35474457

RE:New Kereport

Thanks for posting Wisguy. Imagine spending $6M-$7M in land holding costs a year to be able to say you held lease land the size of Connecticut to show nothing for it. So a solid $40M wasted.

So between the mill costs, land holding for vanity, shorters that's a solid $350M wasted.

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Advancing flagship Ishkõday Gold Project in Ontario